Stuttafords dies on 1 August. There are lessons to learn
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Stuttafords will shut up shop on 1 August.
The iconic giant could not evolve.
What do we learn from this?
_Listen to the interview in the audio below (and/or scroll down for quotes from it). _
Arguments are often why family-owned businesses don’t make it to the second generation.Pavlo Phitids, Aurik Business Accelerator
Stuttafords had a great business model.Pavlo Phitids, Aurik Business Accelerator
They created a wonderful experience. But things have changed.Pavlo Phitids, Aurik Business Accelerator
Stuttafords is South Africa’s Kodak.Pavlo Phitids, Aurik Business Accelerator
Focussing on a niche lends itself to a very successful click-and-mortar business.Pavlo Phitids, Aurik Business Accelerator
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.